Business News

Pfizer settles New York probe into 'deceptive' copay couponsNEW YORK - Pfizer Inc on Thursday settled charges by New York's attorney general that it misled consumers in its drug copayment coupon program into thinking they would pay far less… more →

Mounting costs add to worries about 2019 U.S. profit growthNEW YORK - Rising costs for companies are worrying investors already concerned about a step down in U.S. corporate profit growth next year as Wall Street's focus turns away from… more →

Third Point tells Campbell Soup not to hire new CEO before meetingNEW YORK - Third Point LLC warned Campbell Soup Co.'s <CPB.N> board on Wednesday against picking a new chief executive before next month's annual meeting, where the… more →

Tech stocks lead Wall St. slump as investors shun riskWall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk… more →

Stocks sell-off slams back into EuropeLONDON - European stocks slumped to a more than an 18-month low on Thursday after Wall Street's worst losses in eight months triggered a surge of global selling that knocked over Asia too.… more →

Steinhoff's shares plunge after global rout, report on retailer's ex-CEOJOHANNESBURG - Steinhoff's <SNHJ.J> shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg… more →

SEC, Tesla support approval of settlementThe U.S. Securities and Exchange Commission, Tesla Inc <TSLA.O> and Chief Executive Officer Elon Musk submitted a joint filing late on Wednesday in support of a settlement, saying the terms… more →

Sears skips payments to vendors amid bankruptcy concernsSears Holdings Corp <SHLD.O> has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator… more →

Sears prepares to file for bankruptcy as early as Friday, sources saySears Holdings Corp <SHLD.O> is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future… more →

S and P tumbles 3 percent as U.S. yields soar, investors shun riskNEW YORK - U.S. stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of… more →

U.S. safety agency OKs advanced headlights for road useWASHINGTON - The U.S. National Highway Traffic Safety Administration on Thursday said it was moving to allow advanced headlights known as "adaptive driving beams" to be used in vehicles… more →

U.S. jobless claims rise unexpectedly in latest weekWASHINGTON, - The number of Americans filing for unemployment benefits unexpectedly rose last week but remained near a 49-year low, and the increase appeared unlikely to dislodge the view… more →

U.S. inflation slows in September, weekly jobless claims increaseWASHINGTON - U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation… more →

U.S. banks need more than in-line third quarter to boost sharesMajor U.S. banks, beginning on Friday, are expected to report earnings growth that exceeds that of the broader market, but that may not be enough to impress investors, who have… more →

Trump says he could do 'a lot more' on China trade: FoxWASHINGTON - U.S. President Donald Trump warned on Thursday there was much more he could do that would hurt China's economy further, showing no signs of backing off an escalating trade… more →

Trump calls 'loco' Federal Reserve 'too aggressive': Fox interviewWASHINGTON - U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a "ridiculous" policy… more →

Axe throwing takes aim at sunny Los AngelesLOS ANGELES - Axe throwing may not seem to have a place in Los Angeles, where sun and surf reign supreme, but the city's first venue featuring the niche sport is counting on people to ditch the… more →

Australia's CBA hit with lawsuit over pension investmentsSYDNEY - Law firm Slater & Gordon Ltd has filed a class-action suit against Commonwealth Bank of Australia seeking damages of more than A$100 million ($71 million) after the bank… more →

At least two U.S. attorneys general investigating Google glitchAt least two U.S. states are investigating a breach at Alphabet Inc's Google that may have exposed private profile data of at least 500,000 users to hundreds of external… more →

Asian shares subdued as global bond sell-off eases; sterling risesTOKYO - Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound… more →

Aging Japan: Built for young families, minicars attract a huge following among elderly driversTOKYO - When Honda Motor Co <7267.T> launched the latest version of its N-Box a year ago, it promoted features on the pint-sized minicar… more →

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